The Evening Runway with Hongbin Jeong, Roshan Gidwani & Chua Tian Tian (4pm - 7pm)The Evening Runway with Hongbin Jeong, Roshan Gidwani & Chua Tian Tian (4pm - 7pm)

Market View: Seatrium’s clinches S$11b worth of contracts, Great Eastern’s minority shareholders on OCBC’s takeover bid, Yangzijiang Financial moves into maritime sector, Chinese Premier Li Qiang meets Samsung boss and more

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Singapore stocks opened weaker today after global markets closed last week mixed.

In early trade, the Straits Times Index (STI) headed down 0.1 per cent to 3,312.92 points after 57.2 million securities changed hands in the broader market.

In terms of companies to watch, we have Seatrium, after the offshore and marine specialist said on Saturday that it has obtained S$11 billion worth of contracts to build two new floating production storage and offloading vessels (also known as FPSOs) for Brazil’s national oil company, Petrobras. 

Meanwhile, from how a group of Great Eastern’s minority holders is resisting the firm’s S$1.4 billion takeover bid from OCBC bank, to Chinese Premier Li Qiang’s meeting with Samsung’s boss – more corporate headlines remain in focus. 

Also in store, what to watch in corporate America this week, and expectations on the latest US PCE price index out later in the week.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Chin Hui Leong, Co-founder, The Smart Investor.

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